The U.S. is seeking to buy another 6 million barrels of oil from energy companies to help replenish the Strategic Petroleum Reserve (SPR), the Department of Energy said on Monday.
The solicitation of oil for the SPR is the first for delivery into the facility’s Bryan Mound, Texas site since it underwent maintenance work and repairs, the department said.
It is seeking to 2 million barrels of the oil a month to be delivered to Bryan Mound from January to March next year.
The DOE “will continue to evaluate options to refill the SPR while securing a good deal for taxpayers, taking into account planned exchange returns and market developments,” said Charisma Troiano, a department spokesperson.